730 Mather St Brighton, CO 80601

Property Details for 730 Mather St

Year built

1974

Lot size

0.35 lot acres

Property size

10,664 SF

Property type

Commercial real estate

Description

This exceptional 12-unit apartment building in Brighton, Colorado presents a compelling investment opportunity. Located at 730 Mather Street, this two-story, 10,664 square foot property sits on a 0.35-acre lot and boasts a desirable unit mix: eight two-bedroom, two three-bedroom, and two one-bedroom units. Built in 1974, the building has undergone significant updates, resulting in modern interiors and excellent condition throughout. All units feature updated finishes, providing a high-quality living experience for residents. The property enjoys a quiet, family-friendly neighborhood setting with convenient access to nearby amenities and is situated near Brighton High School. The current Net Operating Income (NOI) is $141,055, yielding a 5.60% cap rate. Pro-forma NOI is projected at $187,537, representing a 7.44% pro-forma cap rate. This translates to a price per unit of $210,000 and a price per square foot of $236.31. The property's strong performance, combined with its location in a rapidly growing market, offers investors a stable, cash-flowing asset with significant potential for future appreciation. This is an ideal opportunity for investors seeking immediate returns and long-term growth in a desirable Colorado location. The asking price for this exceptional property is $2,520,000.

Location Insight

City

Brighton

County

Adams

State

Colorado

Longitude

-104.8136112

Latitude

39.980326